Digitalization In Mining Market 2021: Global Industry Current Trends, Top Companies, Application

Adroit Market Research

Digitalization In Mining Market

by Type (Smart Sensors, Autonomous Operations, 3D Printing, Connected Worker, Remote Operations Center, Asset Cyber Security, Integrated Platforms And Advanced Analytics), By Application (Mining and Metallurgy) and Forecast 2018 to 2025 Single Use License: US$ +1 (214) 884-6068

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Digitalization In Mining Market Size and Share 2025 • The global digital mining market is expected to reach USD 13,567.2 Million by the end of 2025. The key factor that led to higher adoption of digital mining is rising operation cost. Due to the shortage of talent, dropped commodity prices and higher capital needs are driving operation costs which have reduced productivity drastically. Subsequently, companies are inclining towards technologies like augmented and virtual reality and wearable devices which optimize the productivity and offers safety to the workforce of mining. Immersive and wearable technologies aid users’ easy interaction with remote colleagues and eventually visualize and analyze data created from sensors below the earth surface. Along with that, it enhances real-time visibility into a mine’s operations, which offers informed and effective decision making; while imitating mine environments and examining asset data in AR/VR. • All industries are emphasizing on improving their cybersecurity as global breaches predicted to cost USD 6 trillion by 2023.

Prevalence of instrumentation and connectivity is not limited to mining enterprise but spreading across operational sites through equipment automation, such as mobility and cloud. This creates an opportunity for improved productivity, efficiency, and control, but may hamper the growth of the mining industry. As equipment’s are connected and the integrated system becomes more vulnerable to attacks.

• The global digital mining market research report assesses market demand and scenario over the period from 2015 to 2025. The report highlights the historic trends between 2015 and 2017 and the 2019 to 2025 market forecast. The report studies both at global and country-level the current status and future market prospects. The global digital mining market is segmented by applications, type, and geography.

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Digitalization In Mining Market Size and Share 2025 • The global digital mining market has strong competition among the well-established and new emerging players. These market players targets to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.

• Based on the type, global digital mining market covers categories like Smart Sensors, Autonomous Operations, 3D Printing, Connected Worker, Remote Operations Center, Asset Cyber Security, Integrated Platforms and Advanced Analytics.

Integrated platforms are predicted to dominate the market in the forthcoming years.

• The major players of the global digital mining market include Caterpillar Inc., SAP, ABB, Wipro, IBM Services, Hatch Ltd, Hexagon Mining Inc., Rockwell, Sandvik, and Cisco. These leading players are part of mergers and acquisitions to remain on the competitive advantage of the market. For instance, in December 2016, Caterpillar declared acquisition of M2M Data Corporation (M2M). This acquisition made its existing suite of Cat Connect offerings more prevalent across the Cat Connect Digital Services Technology Platform.

• On the basis of application type, global digital mining market is segmented into mining and metallurgy. Mining segment had the highest share in 2018 which is predicted to increase in the forecast period. Within the metal and mining industry, digitalization has brought a seismic shift in the way companies interact with communities, government, employees, and environment at every step of the value chain. Starting from mineral exploration and valuation, through ore processing, mining and metal production, down to sales and distribution, digitalization is substituting traditional industry lines and challenge conventional business models. +1 (214) 884-6068

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Digitalization In Mining Market Size and Share 2025 • Segment overview of Global Digitalization In Mining Market • By Type Overview, 2015-2025 (USD Million) • 2-position Digitalization In Mining

• 3-position Digitalization In Mining • Infinite position Digitalization In Mining

• Zero gravity Digitalization In Mining • End-use Overview, 2015-2025 (USD Million) • Household • Hospitals

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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.

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